Jan 23, 2013 11:00pm EST
to be up against. >>> the transaction tax. americans pay it every day on everything we buy. but why doesn't wall street have to pony up? >>> and the latest on the quest for filibuster reform. will the senate actually change the rules and get something done? senator bernie sanders with us tonight. >>> good to have you with us tonight, folks. thanks for watching. if you wanted to know why congress has a record low approval rating, all you had to do was watch the circus on capitol hill today. outgoing secretary of state hillary clinton testified before senate and house committees today about the attack on the u.n. consulate in benghazi, libya. the committee members already have access to the full accountability review board report on the attack, as well as classified intelligence reports. secretary clinton has repeatedly taken responsibility for state department failures during the attack, but republican senators were still obsessed with one detail -- united nations ambassador susan rice and her description of the attack on september 16th. tea party senator ron johnson of wisconsin grilled s
Jan 23, 2013 11:00pm PST
the earned entitlements like payroll taxes for medicare and social security are putting you in a taker category. no one suggests that whatsoever. >> jon: when you were saying takers you don't mean sweet old grams you mean hobo joe. i got it. but here is the thing: back in 2011 congressman paul ryan was pretty specific about how he defined taker. according to the tax foundation between 60% and 70% of americans get more benefits from the federal government than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul reya, sorry ryan. if you don't include social security and medicare on the takers list you can't get to romney's more generous 47% taker to maker ratio.
Jan 23, 2013 10:00pm PST
$4 billion more in tax revenue than expected. january16 turned out to be a record setting day with the franchise tax board receiving $2.2 billion in taxes. mostly from the 6% of filers who pay taxes quarterly. one observer suggests the spike may be from people taking profits ahead of increase in the federal tax rate. >>> governor brown is scheduled to give his third state of the state address tomorrow morning. no word from the staff on what the focus will be. political observers expect the governor to discuss a proposed tunnel to ship water. other topics include education reform, and high speed rail. you can watch the governor's address here on ktvu. it's set to start at 9:00 tomorrow morning. if you are away from your tv, we will be streaming it, on all of our mobile platforms. >>> apple's ceo talks about record revenues today, but warns about a challenging future. >> i just told you about the rainfall around the bay area today. coming up, i'm tracking how much more you can expect on your morning commute. >> but first, right after the break, making music history right here in
Jan 24, 2013 1:00pm PST
to take a profit before the higher capital gains taxes can kicked in at the beginning of the year. what's happening today is investors choosing to get out of the stock because competition is becoming more of a factor. there are these quality alternatives going strong these days. i'm talking about the tablet and the smartphone arena. it's getting crowded. what you're seeing is the average price is still around $700. a lot of people are still sweet on apple shares even though it plunged today, wolf. >> steve jobs died about a year and a half ago. what does all of this say about tim cook's tenure as the apple's ceo? >> it says you know what, you're going to get the blame, tim cook. you're the ceo so the buck stops with you. he saw the blowout of the iphone 4s and took the stocks to greater heights. it was around $375 when he took over. the price almost doubled in tim cook's first year in charge. it peaked in september when iphone 5 came out. since then, the shares have been tumbling. for one, wall street and analysts don't have much confidence that he can deliver like steve jobs did, that